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Alpine Plaza 4 Properties Offered at $7,185,895 in Simi Valley, CA
Investment Highlights
- Prime Simi Valley Retail Corridor – Positioned on Tapo Street with strong visibility, steady traffic counts, and convenient access to the 118 Freeway.
- Affluent and Established Demographics – Strong household incomes, stable population trends, and favorable demographics support long-term demand.
- Stable Income with Future Upside – Combines in-place cash flow with future appreciation potential for income-oriented investors.
- Value-Add Leasing Opportunity – Potential to increase income through renewals at market rates, rent growth, and future leasing initiatives.
- Internet-Resistant Tenant Base – U.S. Bank and service-oriented tenants rely on in-person visits, limiting exposure to e-commerce competition.
- Supply-Constrained Retail Market – Limited new retail development in Simi Valley supports occupancy levels and long-term rental growth.
Executive Summary
The Ovaness & Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley's most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area.
The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.
In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.
2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.
The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.
In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.
2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.
Property Facts
| Price | $7,185,895 | Number of Properties | 4 |
| Price / SF | $199.86 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 35,955 SF |
| Status | Active | Total Land Area | 13.08 AC |
| Price | $7,185,895 |
| Price / SF | $199.86 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 35,955 SF |
| Total Land Area | 13.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2070-2092 Tapo St, Simi Valley, CA 93063 | Retail | 18,796 SF | 1964 | - |
| 4420-4428 Alpine St, Simi Valley, CA 93063 | Retail | 7,600 SF | 1964 | - |
| 2110 Tapo St, Simi Valley, CA 93063 | Retail | 2,352 SF | 1964 | - |
| 2068 Tapo St, Simi Valley, CA 93063 | Specialty | 7,207 SF | 1964 | - |
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